This bill authorizes the sale of specific real estate located in Pennington County, South Dakota, at the request of the Governor. The property in question is described as Tract 2 of Tract A in the N2SW4 Less Lot A-1, encompassing approximately 5.29 acres. The bill allows for the sale of not only the specified property but also any related personal property and improvements that are considered part of the tracts, even if they are not explicitly detailed in the legal description. The real estate must be appraised by the Board of Appraisal, and the sale can occur under terms set by the Governor, adhering to any constitutional reservations.

Additionally, the bill stipulates that the proceeds from the sale must be deposited into the federal surplus property fund. It also grants the Governor the authority to sell the property directly to a political subdivision without a public offering, provided that the sale price meets or exceeds the appraised value determined by the Board of Appraisal. This provision aims to streamline the process of transferring property to local governments while ensuring that the state receives fair value for the assets sold.